The State of Maritime Piracy 2017 report includes analyses of the economic and human costs of piracy and armed robbery in the Western Indian Ocean Region, West Africa, Asia, and Latin American and the Caribbean.

This report is the last in a series of 11 annual reports on the cost of piracy and armed robbery spanning eight years, from 2010 to 2017.

KEY FINDINGS:

Piracy events off the Horn of Africa doubled in 2017 compared to the year before indicating that Somali criminal networks are still capable of sophisticated attacks.

Overall incidents in the Latin America and Caribbean region increased by 160% in 2017 compared to the previous year, indicating the opportunistic nature of actors in the region.

Piracy continues to pose a threat in the Gulf of Guinea despite a broad array of countermeasures implemented by coastal states and maritime security companies.

Kidnap-for-ransom incidents in Asia decreased by 80%, in large part due to the effective cooperation by regional law enforcement actors.